Futures on Wall Street surge on hopes of more measured US tariffs

From Yahoo Finance: 2025-03-24 06:38:00

Wall Street futures surged as hopes for a more measured approach to U.S. tariffs rose. Trump’s administration may exclude sector-specific tariffs while applying reciprocal levies on April 2. Stocks closed slightly higher on Friday, with weekly gains after Trump hinted at tariff flexibility. Markets have been volatile due to fears of economic slowdown after recent tariffs on China, Mexico, and Canada. S&P 500 and Nasdaq seem to have stabilized after a correction. S&P 500 E-minis were up 0.94%, Nasdaq 100 E-minis climbed 1.14%, and Dow E-minis added 0.72%. Economic indicators and PMI readings are awaited this week. Tech stocks like Amazon, Nvidia, and Apple rose, but Super Micro Computer dipped after a Goldman Sachs downgrade.



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